secwatch.observer — SEC 8-K summary
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Issuer:     FB Financial Corp (FBK)
CIK:        0001649749
Form:       8-K
Filed at:   2025-03-31T23:59:59+00:00
Accession:  0001649749-25-000069
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FB Financial to acquire Southern States Bancshares in all-stock merger
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- Exchange ratio: 0.80 FB Financial shares per Southern States share; cash for fractional shares.
- Southern States had $2.8B assets, $2.2B loans, $2.4B deposits as of Dec 31, 2024.
- Deal adds 15 branches across Alabama and Georgia plus two loan production offices in Atlanta MSA.
- Termination fee of $15M payable by either party under specified conditions.
- Insider voting agreements cover ~5.4% of SSBK and ~1.83% of FBK shares in favor of deal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649749/000164974925000069/0001649749-25-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649749/000164974925000069/fbk-20250331.htm
  HTML page:      https://secwatch.observer/filing/0001649749-25-000069

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